Register

If you borrow $1200 for 5 years at an annual interest rate of 12%, what is the total amount of money you will pay back?

If you borrow $1200 for 5 years at an annual interest rate of 12%, what is the total amount of money you will pay back?
asked 101k views
1 vote
If you borrow $1200 for 5 years at an annual interest rate of 12%, what is the total amount of money you will pay back?

asked
User Leandros
by
8.1k points

1 Answer

2 votes

Therefore, the total amount of money you will pay back is $2114.81, rounded to the nearest cent.
answered
User Aaron Davidson
by
8.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
Link Copied!